Alliance Diversified Buys Pyramid Building in Miramar, Plans Makeover

One of the city’s most unusual office properties recently traded hands as Alliance Diversified Holding, LLC paid a purchase fee of $13.6 million for an asset located in the San Diego submarket of Miramar. The seller was APEX 1 & 2 LP. Both companies were represented by the local office of Voit Real Estate Services, with the seller being represented by a team consisting of Brandon Keith, Ryan Bracker and Bob Brady.

One of the area’s most distinctive office properties recently traded hands as Alliance Diversified Holding, .L.L.C. paid $13.6 million for the Pyramid Building in Miramar. The seller was APEX 1 & 2 L.P. Voit Real Estate Services arranged the sale; a team consisting of Brandon Keith, Ryan Bracker and Bob Brady represented the seller.

Located at 7310 Miramar Road, the six-story pyramid-shaped building was initially part of the Miramar Metroplex and offers tenants a total of 131,218 square feet of space.

Alliance Diversified reportedly plans to rebrand the property as the San Diego Innovation Center and inaugurate improvements designed to attract technology-related tenants.

When the Pyramid Building was completed in 1992, critics cited the unusual design by architect N. Charles Slert. Alliance Diversified now aims to “bring this dynamic property to its full potential as a creative shell in which creative companies will thrive”, said Ted Eldredge, president of Alliance Diversified, in a statement.